TXNM ENERGY INC (TXNM) 8-K Current Report: March 3, 2026
Filed: March 3, 2026
Utilities
Electric ServicesTXNM ENERGY INC (TXNM) 8-K current report filed with SEC EDGAR on March 3, 2026. This page provides AI-powered analysis of reported events and material disclosures, including results of operations, corporate governance changes, agreements, and other triggering events as disclosed under Form 8-K item codes.
Reported 8-K Items1 item
- Item 5.02: Departure/Election of Directors or Officers
TXNM ENERGY INC 8-K Mar 3, 2026 Event Analysis
Item 5.02 · Departure/Election of Directors or Officers
- • 2026 Annual Incentive Plan: CEO/Executive Chair bonus range 57.5%–230% of base salary; CFO/GC range 35%–140%; gated by threshold Incentive EPS
- • 2026 LTIP covers 3-year period (2026–2028); 70% performance shares (Earnings Growth + FFO/Debt Ratio), 30% time-vested restricted stock rights
- • CEO performance share opportunity: 122.5%–490% of base salary; Executive Chair: 75.25%–301%; CFO: 42%–168%
- • Time-vested restricted stock rights vest ratably over 3 years (33%/34%/33%) on March 7 of 2027, 2028, 2029
- • Change-in-control provision guarantees minimum annual incentive payout if plan modified post-CoC — modest shareholder protection on pay
Other TXNM ENERGY INC 8-K Filings
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